Hillsborough West Village

115 Holiday Park Road, Hillsborough NC 27278

Hillsborough West Village

115 Holiday Park Road, Hillsborough NC 27278
ASSET TYPEGarden Apartments
DATE SOLDOctober 14, 2016
PRICE$ 1,600,000
PER UNIT$ 46,000
TOTAL UNITS35
YEAR BUILT1994
MARKETRaleigh-Durham

Deal Highlights

➤ Seller was transitioning from Affordable Housing to Market Rate

➤ Property still needed completion of renovations and stabilization of occupancy, rents and operations

➤ We presented offering as a reposition opportunity while still in transition

➤ Sold 'as is' for over $46k per unit

➤ Closed at a sub-7% CAP Rate based on actual financials

Location

Contact

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com

Thinking about selling?

APARTMENT CORE is a multifamily brokerage firm dedicated to helping you capitalize on your multifamily sale so you can grow your wealth.  If you own an apartment property anywhere in North Carolina and would like to learn how to get the highest price in today’s aggressive market, give us a call at 919-861-9730.